A putative class action suit filed in federal court in North Carolina late last month alleges Merrill owes Kelly D. Milligan, an advisor in Danville, California, $500,000 in deferred comp he earned ...
In big firms' fight to avoid paying deferred compensation to advisors who jump to rivals, much of the legal wrangling has centered on federal retirement law. Processing Content But another factor is ...
The U.S. Senate Finance Committee on Wednesday approved by voice vote a measure that could limit the earnings corporate executives can defer into non-qualified deferred compensation (NQDC) plans. The ...
Two former Morgan Stanley financial advisors on Friday won a $1.1 million arbitration award against their old firm that centered on who controlled valuable deferred compensation money, the firm or the ...
The Department of Labor weighed in on a thorny legal issue for Morgan Stanley: Are the company’s deferred compensation plans for advisors covered by a federal retirement law? It doesn’t look that way, ...
The Department of Labor has sided with Morgan Stanley in a closely watched case involving deferred compensation, ruling that the firm’s incentive awards to financial advisors do not fall under federal ...
Morgan Stanley has won its fifth straight arbitration claim from a former advisor arguing its deferred compensation plan is illegal under federal law. The favorable decision for the wirehouse comes ...
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In the New York Times, "Your Money" reporter Ron Lieber puts forth this hypothetical: "Here’s a nightmare for you: Imagine waking up one morning to discover that your employer is bankrupt and the ...
New York State Deferred Compensation Plan, Albany, will seek managers for short- and intermediate-term bonds. The plan's governing board at its quarterly meeting Aug. 25 authorized the issuance of ...
Morgan Stanley must pay more than $3 million to a group of financial advisors who accused the company of wrongfully withholding their deferred compensation when they left to work elsewhere, an ...
When this writer began his career in 1980, wages were pretty much the only form of employment compensation and life was easy. For regular wage earners, there was a bonus at years’ end. For executives, ...
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